Primary Market Action: Suraksha Diagnostic IPO fully subscribed, bumper listing for C2C Advanced Systems and other key events

Primary markets saw yet another action-packed day on December 3 with two IPO listings and the closing of subscriptions for two issues, including the mainboard public offer of Suraksha Diagnostic Limited. On the other hand, the NSE SME issue of Ganesh Infraworld also closed with a bumper subscription.

Shares of Rajputana Biodiesel and C2C Advanced Systems made their D-street debut on the NSE SME platform, Emerge, at a premium of 90% each over their issue prices.

Here’s a look at some of the key events which took place on December 3:

Rajputana Biodiesel IPO listing

Rajputana Biodiesel shares made a stellar debut on the NSE SME platform. The stock was listed at ₹247 apiece on the NSE at a premium of 90% against the issue price of ₹130 per share. Shares of the company gained 5% and were locked at the upper circuit limit of ₹259.35 apiece.

Rajputana Biodiesel IPO was worth ₹24.7 crore and consisted of a fresh issue of 19 lakh shares. The subscription window for the NSE SME issue was open from November 26 to November 28.

C2C Advanced Systems IPO listing

C2C Advanced Systems shares were listed at ₹429.4 apiece on the NSE Emerge platform with a premium of 90% against the issue price of ₹226 apiece. After listing, shares of the company further gained 5% to hit the upper circuit limit of ₹450.85 apiece.

C2C Advanced Systems IPO raised ₹99.07 crore through an entirely fresh issue of 43.84 lakh shares. The bidding window for the NSE SME issue was open from November 22 to November 26.

Property Share REIT IPO Day 2

Property Share REIT IPO opened for subscription on December 2. The subscription window for the public issue will close tomorrow, December 4.

The public issue is worth ₹352.91 crore and comprises a fresh issue of Platina units. The price band for the issue has been fixed at ₹10 lakh to ₹10.5 lakh per share.

The share allotment status of the public issue will be finalised on December 5. Shares of the trust will list on the exchanges on the NSE and BSE on December 9.

Suraksha Diagnostic IPO Day 3

Suraksha Diagnostic IPO was booked 1.26 times on the final day of subscription. The IPO was subscribed 93% in the retail category and 1.4 times in the Non-Institutional Investors’ (NIIs) category. The issue was booked 1.74 times by the Qualified Institutional Buyers (QIBs).

Suraksha Diagnostic IPO, worth ₹846.25 crore, comprised only an offer-for-sale (OFS) of 1.92 crore shares. The share allotment status of the mainboard issue is likely to be finalised on Wednesday, December 4. The IPO listing date has been scheduled for December 6. Shares of Suraksha Diagnostic will be listed on the NSE and BSE.

Ganesh Infraworld IPO Day 3

Ganesh Infraworld IPO was subscribed nearly 370 times on the last day of bidding on Tuesday. The NSE SME IPO received bids for more than 276.78 crore shares against 74.86 lakh shares on offer.

The IPO was subscribed 274.48 times in the retail category and 866.56 times in the NIIs category. The QIBs booked their quota 163.52 times.

Ganesh Infraworld IPO, worth ₹98.58 crore, comprised a fresh issuance of 118.77 lakh shares. The SME issue’s share allotment status is likely to be finalised on Wednesday, December 4. The tentative listing date for the company's shares is Friday, December 6. Shares of the company will list on the NSE Emerge platform.

Agarwal Toughened Glass India IPO Allotment

The share allotment status of Agarwal Toughened Glass India IPO is scheduled to be finalised on December 3. Shares of the company are scheduled to make their D-street debut on December 5.

Upcoming IPOs in December

The public issues of Emerald Tyre Manufacturers Limited and Nisus Finance Services Co Limited are scheduled to open for subscription on December 4 and December 5 respectively. Abha Power and Steel Limited and Apex Ecotech Limited will list on the NSE SME platform on December 4. Shares of Agarwal Toughened Glass India Limited will make their D-street debut on December 5. Suraksha Diagnostic Limited and Ganesh Infraworld Limited will make their debut on the D-street on December 6.

Next week, the SME issues of Jungle Camps India Limited and Purple United Sales Limited will open for subscription.